RH (NYSE:RH) Trading Up 3.9% – Should You Buy?

RH (NYSE:RH)’s share price shot up 3.9% during trading on Friday . The stock traded as high as $240.57 and last traded at $243.24. 411,110 shares changed hands during trading, a decline of 46% from the average session volume of 763,930 shares. The stock had previously closed at $234.03.

Analyst Ratings Changes

A number of brokerages have weighed in on RH. Robert W. Baird boosted their price target on RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Barclays upgraded RH from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $383.00 to $515.00 in a report on Wednesday, January 8th. Wells Fargo & Company lowered their price target on RH from $500.00 to $375.00 and set an “overweight” rating on the stock in a report on Tuesday. StockNews.com cut shares of RH from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Morgan Stanley upgraded shares of RH from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $435.00 to $530.00 in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, RH presently has an average rating of “Moderate Buy” and a consensus price target of $412.44.

RH Stock Performance

The business’s 50 day moving average price is $357.19 and its 200-day moving average price is $350.97. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 70.11, a PEG ratio of 2.65 and a beta of 2.50.

Insider Transactions at RH

In other RH news, Director Keith Belling sold 500 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $417.85, for a total transaction of $208,925.00. Following the sale, the director now directly owns 4,970 shares of the company’s stock, valued at approximately $2,076,714.50. This represents a 9.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eri Chaya sold 10,000 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $416.27, for a total value of $4,162,700.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,380 shares of company stock valued at $28,922,379. Corporate insiders own 28.10% of the company’s stock.

Institutional Trading of RH

Several large investors have recently made changes to their positions in RH. Versant Capital Management Inc lifted its position in RH by 7,000.0% during the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock worth $28,000 after buying an additional 70 shares in the last quarter. UMB Bank n.a. lifted its position in shares of RH by 125.8% during the fourth quarter. UMB Bank n.a. now owns 70 shares of the company’s stock worth $28,000 after purchasing an additional 39 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of RH by 533.3% during the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company’s stock valued at $30,000 after purchasing an additional 64 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in shares of RH by 690.0% in the fourth quarter. Sunbelt Securities Inc. now owns 79 shares of the company’s stock valued at $31,000 after purchasing an additional 69 shares in the last quarter. Finally, Rakuten Securities Inc. raised its position in RH by 180.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock worth $44,000 after purchasing an additional 72 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.

About RH

RH, together with its subsidiaries, operates as a retailer in the home furnishings market. The company offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, baby, child, and teen furnishings. It provides its products through rh.com, rhbabyandchild.com, rhteen.com, rhmodern.com, and waterworks.com online channels, as well as operates RH Galleries, RH outlet stores, RH Guesthouse, and Waterworks showrooms in the United States, Canada, the United Kingdom, and Germany.